SAN FRANCISCO—Two big players in the fintech space are joining forces.
Fresh Today
NEW LONDON, Conn.–Eight more merger disclosure forms have been filed with NCUA, with credit unions citing not just the usual “more products and services” for why they need to combine, but also one CU reporting a deceased CEO, another that its manager is ill and 40% of staff have left, and another saying it chose its merger partner in part because “we like them.”
WASHINGTON–CUNA, its political action committee and respective state leagues are involved in the various elections taking place across seven states today.
WASHINGTON–It’s a relatively light week in Washington, with the Senate out of session through July 11. But the House is in session doing committee work, and will host a number of hearings of interest to credit unions.
ARLINGTON, Va.—New home sales grew 10.7% in May to 696,000 annualized units, while April saw an upward revision of 38,000 units.
JACKSONVILLE, Fla.–A month after its online and mobile banking systems crashed during a conversion, VyStar Credit Union has introduced its new mobile app.
WASHINGTON—NAFCU, CUNA and several trade associations are calling on the CFPB to provide a 60-day extension to the deadline for its Advance Notice of Proposed Rulemaking (ANPR) on credit card late fees that financial institutions collect.
CHUBBUCK, Idaho–Credit unions in two states have announced the planned retirements of their CEOs, with both CUs also naming successors.
WILLIAMSPORT, Penn.– A mother and daughter team have been accused of stealing as much as $1.2-million from the credit union at which they were employed before the CU was merged.
WASHINGTON— Credit union loans outstanding increased 1.9% in April, compared to a 1.8% increase in March of 2022 and a 0.5% increase in April of 2021, according to CUNA’s latest Monthly Credit Union Estimates.